Hi, big week this week with the Fed speaking Tuesday thru Thursday, with Greenspan speaking on Thursday to cap it off. Traders of MBS(mortgage backed securities) are looking for some key words, like another stimulus package is coming soon to keep our economy on track for this slow recovery and not let it slip back first and then act... Below are other important reports due in this week that could effect rates, so keep in touch with your local mortgage broker and stay on top of the trends together.

Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Jun 4 10:00 AM Factory Orders Apr -0.6% -0.3% 0.1% -2.1% -1.9%
Jun 5 10:00 AM ISM Services May - 52.0 53.1 53.5 -
Jun 6 7:00 AM MBA Mortgage Index 06/02 - NA NA -1.3% -
Jun 6 8:30 AM Productivity-Rev. Q1 - -0.8% -0.8% -0.5% -
Jun 6 8:30 AM Unit Labor Costs-Rev Q1 - 2.2% 2.3% -2.0% -
Jun 6 10:30 AM Crude Inventories 06/02 - NA NA 2.213M -
Jun 6 2:00 PM Fed's Beige Book May - - - - -
Jun 7 8:30 AM Initial Claims 06/02 - 375K 375K 383K -
Jun 7 8:30 AM Continuing Claims 05/26 - 3250K 3250K 3242K -
Jun 7 3:00 PM Consumer Credit Apr - $10.0B $12.7B $21.4B -
Jun 8 8:30 AM Trade Balance Apr - -$49.9B -$49.7B -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr - 0.2% 0.5% 0.3% -